Marketplace Morning Report for May 9, 2008

From this Episode

Battered Citigroup has raised money from investors, laid off employees and sold off chunks of the business. It wasn't enough. Today the company announced it would sell off $400 billion in assets. Amy Scott has more.

A new hedge fund is investing $125 million in Africa and the Middle East, areas where the fund managers say opportunities are huge. Sarah Gardner has more on whether this is a sign that Africa is the "last frontier."

Next week, the government releases its consumer price index for April, so we'll get to see just how high the cost of living has jumped, right? But economists aren't predicting a big jump in the cpi. Nancy Marshall Genzer asks why.

Food prices are getting ridiculous, and experts are predicting they'll continue to rise. What to do? Grow your own food. Stacey Vanek-Smith looks into the trend at community gardens and garden supply stores.

Higher prices for steel and copper are being blamed for the increasing unprofitability of offshore wind farms. A British firm that was going to build one now questions its viability. Stephen Beard reports from London.

The racing world is mourning the death of Eight Belles, the filly that broke two ankles after finishing second in the Kentucky Derby. Animal rights groups are protesting. Scott Jagow asks commentator Diana Nyad why it happened.

Across the country food manufacturers are struggling to handle rising costs, all the while trying to avoid raising prices. Their choices are changing the way some household food items are being made. Sam Eaton reports.